Power and Transmission

Crédit Agricole Corporate and Investment Bank as the exiting administrative agent, technical agent and fronting letter of credit bank in the successful refinancing of the US$725 million first/second lien securitized credit facility for Astoria Energy LLC, the owner of the approximately 500 MW gas-fired combined cycle Astoria I power plant in Queens, New York.

A sponsor consortium comprising a large global industrial company, a US-based private equity firm and an international service provider in negotiating and completing a joint development agreement for the proposed development and project financing of a combined cycle power plant in West Africa.

The National Development Corporation of Tanzania of its $3 billion joint venture with Sichuan Hongda to develop a coal to power (300MW) project and iron ore mine and smelter project in Mtwara, Tanzania. This represents the largest single investment into East Africa. DLA Piper was recognised by the Financial Times as "The most Innovative Law Firm in Finance Law" in 2012 for this transaction.

Exelon Corporation, the nation's leading competitive energy provider, on the sale of the Fore River Energy Center, a natural gas-fired, combined-cycle power plant located in North Weymouth, Massachusetts, to Calpine Corp, America’s largest generator of electricity from natural gas and geothermal resources.

The sponsors and project company in relation to the development of Phase 1 of a 600 MW mine-mouth Coal Fired Maamba Collieries Power Station in Zambia. The financing involves a Sinosure-covered financing from major Chinese Banks and potentially other international banks and will be the first Sinosure-covered project finance in Africa, representing a major breakthrough in the way in which these projects can be financed in the future. There is also an additional DFI tranche of financing to be provided by AfDB and DBSA.

Volta River Authority as offtaker and 10% stakeholder in achieving financial close for the US$329.6 million development and project financing of the Takoradi 2 combined cycle expansion project in Ghana. Financing was led by the IFC. The Takoradi 2 power plant is Ghana’s first IPP to utilize a project financing structure and is the largest IPP closed to date in Sub-Sahara Africa.

Amperion Power Distribution Company Limited, an international consortium, in relation to its successful acquisition and associated financing in relation to the acquisition and associated financing of the 414MW Geregu gas-fired power plant in the context of the PHCN privatisation in Nigeria. Our work included negotiating and finalising all aspects of the acquisition, the power project and finance documentation as well as Nigerian power market regulations and post-completion and handover matters.